French Co. Loses NRC Appeal Over Md. Reactor Project

Law360, New York (March 11, 2013, 4:08 PM EDT) -- The U.S. Nuclear Regulatory Commission on Monday upheld the Atomic Energy Act’s foreign ownership restrictions to deny an appeal by a French-owned nuclear energy company seeking to build a third reactor at a Maryland site, but called for a review of such regulatory restrictions.

UniStar Nuclear Operating Services LLC — owned by French government-owned utility Electricite de France SA — lost its appeal of an August ruling by NRC’s Atomic Safety and Licensing Board Panel that had denied its bid to proceed with the Calvert Cliffs-3...